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Prominent Main Road Location
Accounts Available Year End 31st December 2020
Annual Turnover £109,000
Gross Profit £57,000
Competitive Rent Only £106 Per Week
Accounts Available After Viewing
Five Star Food Hygiene Rating
Established Uber Eats Presence
Seating For 18 To Side & Rear
Strong Social Media Presence
Fantastic Online Reviews
Fully Refurbished 2019
High End Equipment
Scope To Extend Opening Hours
Potential To Expand Menu
EPC - D
REF 7417 – Leasehold Sandwich Bar & Takeaway
Blacks Brokers are pleased to bring to the market this leasehold sandwich bar & takeaway located in Walmersley, Bury.
Food Foundry was established by our client in this bustling residential area of Bury in 2019. Previously, a similar sandwich business had been trading here for over twenty years, when our client took ownership in 2019, a full refurbishment and rebrand was completed. The business offers a range of freshly prepared foods and drinks including specialist coffees, artisan sandwiches, cakes and homemade baked goods. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Trip Advisor, Facebook and Uber Eats. Food Foundry has a basic website in place and a strong social media following.
Food Foundry occupies a main road trading position within a small parade of shops and offices. The area is densely populated residentially, with many local amenities nearby including a Post Office, school and popular nursery. Local residents are supportive of local businesses and are regular visitors to the shop. There is currently a new housing development being built within a few metre of the business which will offer increased footfall from trader/workmen whilst building and also new residents once completed. The area is well linked by the M66 with very strong public transport links and free parking is available in the immediate area.
REASON FOR SALE
The business is offered for sale due to our clients other business and family commitments. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a five year lease which began in 2019 at a cost of only £106 per week.
The business operates with three members of staff in employment – this includes a manager. Our client oversees management of this business but is not involved in the day to day running of the shop.
Food Foundry has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st December 2019 show annual turnover of £127,292 and gross profit of £63,498. The current annual turnover for 2020 – 2021 is £109,000 with a gross profit of £57,000 as the business continued to trade throughout Covid-19 restrictions with two small closures. The business is really beginning to pick up as Covid-19 restrictions lift, the takeaway service has been extremely popular during lockdowns. Full financial information is available upon request.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
MON - FRI: 07:30 - 14:30
SAT & SUN: CLOSED
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